To answer that question first we need to know why Bank of Canada is keeping the rates low. Looking at few news releases by the…
Mortgage rule tightening on its way again
Extended amortizations like 30 and 35 years will soon be on the chopping block of the policy makers. These mortgages are not insured by the…
Tagged with: Banks, Housing, Mortgage News, Regulation
Posted in Banks, Housing Bubble, Lender, Moregage rule, Mortgage News, Regulation
Posted in Banks, Housing Bubble, Lender, Moregage rule, Mortgage News, Regulation
Equitable Group – Reported Record Profit – Q1, 2013
Equitable Group Inc., the parent company of Equitable Trust reported a record quarterly profit. Equitable Trust is well known for its Alt. A and B…
Weekly Dose of Vitamin – M (128th Edition)
Mortgage News: CMHC Releases its 2012 Annual Report – CMHC Better than the Big Banks: The contrarian take on Home Capital – Globe and Mail…
Planning to sell your house? – Then think like a buyer
If you are looking to sell your house for whatsoever reasons – you must know the potential buyers and research on what they want. When…
Debt goes up as we age – for some of us
Our society (some part of it) promised the students that higher education will bring them better jobs and they will earn a lot more money…
CMHC 2012 report predicts a rate hike in 2014
The 2012 report is out and the followings are some quick observations. Overall average outstanding loan amount of $140,587 At the end of 2012, CMHC’s…
Weekly Dose of Vitamin – M (127th. Edition)
Mortgage News: Why Canadians are stuck in a low interest rate trap – Toronto Star Majority (60%) of Canadian Homeowners Admit to Mistake Making When…
Genworth Canada announces lower First Quarter income
Compared to the last quarter (Q4-2012) most of the number are in red for Genworth. While comparing to Q1-2012 – that shows some happy signs…
Tagged with: Mortgage, Mortgage Insurance
Posted in Default Insurance, delinquency, Mortgage insurance
Posted in Default Insurance, delinquency, Mortgage insurance
Stephen Poloz appointed as Governor of the Bank of Canada
Starting from 3rd June 2013, Stephen Poloz will succeed Mark Carney – the outgoing BoC Governor – as Governor of the Bank of Canada for…
